Posts Tagged ‘BlakeBitcoin crypto’

BlakeBitcoin is a clone of Bitcoin with the same reward structure starting with 50 coins per block and a total of 21 million coins, but instead of SHA-256 the coin uses Blake-256 algorithm. The block target time is 1/4 of Bitcoin’s to account for extra hashing speed of Blake-256. The difficulty retarget is at 8064 blocks and the reward halving every 210,000 blocks. The difficulty adjustment is also same as per Bitcoin. BLAKE hash is one of the five hash functions in the final of the NIST SHA-3 Competition. BLAKE is one of the simplest designs to implement, and relies on previously analyzed components: the HAIFA structure and the ChaCha core function. What is the most interesting thing about BlakeBitcoin is that it is merge mined with multiple other Blake-256 crypto coins.

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